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Government Size, Composition, Volatility and Economic Growth
Afonso, António; Furceri, Davide - 2010
and EU countries. The results of the paper suggest that both variables are detrimental to growth. In particular, looking …
Persistent link: https://www.econbiz.de/10014189660
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EMU Enlargement, Stabilisation Costs and Insurance Mechanisms
Afonso, António; Furceri, Davide - 2008
This paper considers the determinants of the macroeconomic costs of joining EMU for the new EU Member Sates, and …
Persistent link: https://www.econbiz.de/10014049118
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The Macro Impact of the Portuguese Constitutional Court Decisions Regarding the Budgetary Proposals of the Portuguese Budget Law (2012, 2013, 2014)
Afonso, António; Caiado, Jorge; St. Aubyn, Miguel - 2015
We review the main budgetary measures not accepted by the Portuguese Constitutional Court in the Budget Laws of 2012, 2013 and 2014. Considering the feedback effect of the fiscal impulse, the impact on the budget balance is -0.42% and of -0.34% of GDP respectively for 2013 and for 2014; in both...
Persistent link: https://www.econbiz.de/10014137261
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Government Indebtedness and European Consumers Behaviour
Afonso, António - 2003
reject the debt neutrality hypothesis for the EU-15. However, estimations carried out after dividing the countries into two …
Persistent link: https://www.econbiz.de/10014114110
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Non-Keynesian Effects of Fiscal Policy in the Eu-15
Afonso, António - 2002
for private consumption are estimated for the EU-15 countries, using annual data over the period 1970 to 1999. The … estimation results for the 15 EU countries show some evidence that fiscal policy has the standard Keynesian effects when there …
Persistent link: https://www.econbiz.de/10014114116
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Disturbing the Fiscal Theory of the Price Level : Can it Fit the Eu-15?
Afonso, António - 2002
purposes of this paper is to tentatively assess the possible empirical evidence, concerning the FTPL, for the EU-15 countries …
Persistent link: https://www.econbiz.de/10014116811
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Measuring the Success of Fiscal Consolidations
Afonso, António - 2011
We measure the success of fiscal consolidation, with alternative definitions, based on ad-hoc quantitative approaches and on a policy-action approach. The cyclically adjusted primary balance, and the duration of the consolidation contribute for its success, and the opposite applies for revenue...
Persistent link: https://www.econbiz.de/10013118796
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Sovereign Credit Ratings and Financial Markets Linkages : Application to European Data
Afonso, António - 2011
We use EU sovereign bond yield and CDS spreads daily data to carry out an event study analysis on the reaction of …
Persistent link: https://www.econbiz.de/10013124928
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Sovereign Credit Ratings and Financial Markets Linkages : Application to European Data
Afonso, António - 2012
We use EU sovereign bond yield and CDS spreads daily data to carry out an event study analysis on the reaction of …
Persistent link: https://www.econbiz.de/10013104642
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Measuring the Success of Fiscal Consolidations
Afonso, António - 2012
We measure the success of fiscal consolidation, with alternative definitions, based on ad-hoc quantitative approaches and on a policy-action approach. The cyclically adjusted primary balance, and the duration of the consolidation contribute for its success, and the opposite applies for revenue...
Persistent link: https://www.econbiz.de/10013104645